, Oct 1 (Reuters) – General Motors Co
said on Wednesday it expects in 2016 to ring up its first profit
in Europe in more than a decade and that it will also hit
targeted North American operating margins that year.
The projections came two days after its smaller rival, Ford
Motor Co, disappointed investors with its financial
MILFORD Mich (Reuters) – General Motors Co on Wednesday said that in 2016 it would ring up its first profits in Europe in more than a decade and hit targeted North American operating margins.
The news came two days after its smaller rival Ford Motor Co disappointed investors with its financial outlook.
DETROIT (Reuters) – The number of deaths linked to a faulty ignition switch in General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) cars rose by two last week to 23, according to a report Monday from the lawyer overseeing a program set up to compensate accident victims.
Since Aug. 1, 867 claims for compensation for serious injuries or deaths said to have been caused by the switch had been received by the program, which is being overseen by lawyer Kenneth Feinberg. That is up from 850 last week.
DETROIT/TOKYO (Reuters) – The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan’s Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) may expand to include General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz), according to documents filed this week with U.S. regulators.
More than 4.3 million cars produced by automakers including Honda Motor (7267.T: Quote, Profile, Research, Stock Buzz), Fiat’s (FIA.MI: Quote, Profile, Research, Stock Buzz) Chrysler and Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz), are affected by the regional recalls. They began in June in certain high-humidity areas of the United States after the National Highway Traffic Safety Administration (NHTSA) started investigating reports of air bag explosions in Florida and Puerto Rico.
DETROIT (Reuters) – Joe Gallo is not just a fan of National Football League running back Adrian Peterson, he “owns” him, as do thousands of other participants in the world of fantasy football.
That explains why Gallo, a 31-year-old New Yorker who works in public relations, is so chagrined now that it appears Peterson could be out for the rest of the season after being benched by the Minnesota Vikings while he faces allegations of child abuse.
BEIJING/DETROIT (Reuters) – Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker’s Karma hybrid luxury car by using a design from the company’s last year of production, people close to the companies said.
Wanxiang aims to reintroduce by next year Fisker’s electric cars, which enjoyed a cult following for their streamlined design among early fans including actor Leonardo DiCaprio and pop star Justin Bieber before the company’s demise in 2013.